Nationwide Fund Advisors lifted its stake in American Software, Inc. (NASDAQ:AMSWA) by 41.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,168 shares of the software maker’s stock after acquiring an additional 72,600 shares during the quarter. Nationwide Fund Advisors owned approximately 0.83% of American Software worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in American Software by 4.7% during the second quarter. Renaissance Technologies LLC now owns 2,050,700 shares of the software maker’s stock worth $21,102,000 after buying an additional 92,500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American Software by 3.4% during the first quarter. Geode Capital Management LLC now owns 220,078 shares of the software maker’s stock valued at $2,262,000 after acquiring an additional 7,276 shares during the period. Prudential Financial Inc. boosted its holdings in American Software by 67.2% during the second quarter. Prudential Financial Inc. now owns 28,611 shares of the software maker’s stock valued at $294,000 after acquiring an additional 11,500 shares during the period. Dimensional Fund Advisors LP boosted its holdings in American Software by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 945,748 shares of the software maker’s stock valued at $9,732,000 after acquiring an additional 58,553 shares during the period. Finally, Trexquant Investment LP boosted its holdings in American Software by 28.6% during the second quarter. Trexquant Investment LP now owns 22,700 shares of the software maker’s stock valued at $234,000 after acquiring an additional 5,052 shares during the period. 75.79% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on AMSWA shares. Zacks Investment Research upgraded shares of American Software from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, September 25th. B. Riley restated a “buy” rating and set a $12.25 price target on shares of American Software in a research note on Sunday, September 3rd. Finally, BidaskClub cut shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

In other American Software news, CFO Vincent C. Klinges sold 20,127 shares of American Software stock in a transaction on Friday, September 29th. The shares were sold at an average price of $11.35, for a total value of $228,441.45. Following the sale, the chief financial officer now directly owns 116,965 shares in the company, valued at approximately $1,327,552.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Hogue sold 9,707 shares of American Software stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $10.78, for a total transaction of $104,641.46. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $161,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,762 shares of company stock worth $1,420,036. Insiders own 13.89% of the company’s stock.

Shares of American Software, Inc. (AMSWA) opened at $11.72 on Wednesday. American Software, Inc. has a fifty-two week low of $9.00 and a fifty-two week high of $13.05. The company has a market cap of $353.69, a price-to-earnings ratio of 19.76 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.75%. American Software’s dividend payout ratio is 77.19%.

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About American Software

American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.

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Institutional Ownership by Quarter for American Software (NASDAQ:AMSWA)

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